Pfizer Inc. - PFE STOCK NEWS

Pfizer Inc. (NYSE: PFE) announces the appointment of Christopher Stevo as Senior Vice President and Chief Investor Relations Officer. He succeeds Chuck Triano, who is retiring after 13 years. Stevo brings over two decades of buy-side healthcare investment experience, previously serving at Alexion Pharmaceuticals and Amundi US. Pfizer's CEO, Albert Bourla, highlighted Stevo's extensive knowledge of the healthcare sector as a significant asset for the company's innovative pipeline aimed at delivering value to shareholders.

Everest Medicines announced a licensing agreement between its partner Spero Therapeutics and Pfizer for SPR206, a new treatment for multi-drug resistant Gram-negative infections. Under this deal, Spero will receive up to $80 million in milestone payments and royalties on sales, alongside a $40 million equity investment from Pfizer. This partnership enhances the clinical development of SPR206 while maintaining Everest's exclusive rights in Greater China, South Korea, and certain Southeast Asian countries.

Pfizer Inc. (NYSE: PFE) announced a 39-cent quarterly dividend for Q3 2021, payable on September 7, 2021, to stockholders recorded by July 30, 2021. This marks the 331st consecutive quarterly dividend from Pfizer, showcasing its commitment to returning value to shareholders. The company emphasizes its role in delivering innovative health care solutions and maintaining high standards in the biopharmaceutical industry.

Pfizer Inc. (NYSE: PFE) announced the initiation of the TALAPRO-3 trial, a global Phase 3 study investigating the efficacy and safety of talazoparib combined with enzalutamide in men with DNA damage response (DDR)-deficient metastatic castration-sensitive prostate cancer. The trial will enroll approximately 550 participants across 285 sites in 28 countries, with a primary endpoint of radiographic progression-free survival (rPFS). The first patient was dosed in Glendale, California, and results are anticipated in late 2024.

ViiV Healthcare and Halozyme Therapeutics have entered a global collaboration that grants ViiV exclusive access to Halozyme's ENHANZE® drug delivery technology for HIV treatments. ViiV will pay $40 million upfront, with potential milestone payments totaling up to $175 million per target. This partnership aims to enhance the development of long-acting HIV therapies, reducing the frequency of medication. The PH20 enzyme allows for efficient large-volume subcutaneous injections, potentially addressing treatment challenges for patients and improving their experience.

ViiV Healthcare and Halozyme Therapeutics have formed a collaboration to utilize Halozyme's ENHANZE® drug delivery technology for HIV treatment and prevention. ViiV will pay Halozyme $40 million upfront, with potential future payments totaling $175 million based on development milestones. This partnership aims to develop ultra-long acting HIV medicines, reducing the treatment burden for patients. Halozyme's enzyme technology enables rapid delivery of large volumes of medication, potentially extending dosing intervals beyond current standards. The collaboration could lead to innovative options in HIV therapies.

Pfizer and the Academic Research Organization from Hospital Israelita Albert Einstein announced positive results from the STOP-COVID study published in the New England Journal of Medicine. The study evaluated tofacitinib in 289 hospitalized COVID-19 pneumonia patients not on ventilation. Results showed a lower cumulative incidence of death or respiratory failure at 28 days for tofacitinib (18.1%) versus placebo (29.0%). Although promising, tofacitinib is not yet authorized for COVID-19 treatment and should not be used in patients with active serious infections.

Pfizer (NYSE: PFE) will hold a conference call on July 28, 2021, at 10 a.m. EDT to discuss its Second Quarter 2021 Performance Report. Investors can access the live webcast and report details on the company's investor site. Registration for the call is recommended in advance. A transcript and replay will be available within 24 hours for 90 days. Participants can also join by calling (833) 711-4984 in the US or (916) 900-3769 internationally, using the password 'Second Quarter Earnings'.

Pfizer (PFE) and BioNTech (BNTX) announced a plan to provide 500 million COVID-19 vaccine doses to the U.S. government at a not-for-profit price, aimed at supporting global vaccination efforts. This includes 200 million doses by the end of 2021 and 300 million in early 2022. The U.S. government will donate these doses to low- and lower-middle-income countries through COVAX. Pfizer and BioNTech aim to produce up to 3 billion doses in 2021, enhancing their supply chain capabilities. Deliveries will begin in August 2021.